VFSNX vs. MIDLX
Compare and contrast key facts about Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) and MFS International New Discovery Fund Class R6 (MIDLX).
VFSNX is managed by Vanguard. It was launched on Apr 2, 2009. MIDLX is a passively managed fund by MFS that tracks the performance of the MSCI All Country World ex-US Small Mid Cap Index. It was launched on Jun 1, 2012.
Performance
VFSNX vs. MIDLX - Performance Comparison
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VFSNX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFSNX Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares | -1.08% | 29.97% | 2.63% | 15.18% | -21.26% | 12.74% | 11.92% | 21.72% | -18.46% | 30.30% |
MIDLX MFS International New Discovery Fund Class R6 | -4.04% | 17.03% | 3.33% | 13.21% | -18.52% | 5.17% | 10.15% | 24.97% | -10.29% | 30.65% |
Returns By Period
In the year-to-date period, VFSNX achieves a -1.08% return, which is significantly higher than MIDLX's -4.04% return. Over the past 10 years, VFSNX has outperformed MIDLX with an annualized return of 7.33%, while MIDLX has yielded a comparatively lower 6.07% annualized return.
VFSNX
- 1D
- -0.56%
- 1M
- -11.47%
- YTD
- -1.08%
- 6M
- 1.46%
- 1Y
- 26.81%
- 3Y*
- 12.77%
- 5Y*
- 5.20%
- 10Y*
- 7.33%
MIDLX
- 1D
- -0.25%
- 1M
- -11.75%
- YTD
- -4.04%
- 6M
- -4.78%
- 1Y
- 9.51%
- 3Y*
- 7.41%
- 5Y*
- 2.30%
- 10Y*
- 6.07%
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VFSNX vs. MIDLX - Expense Ratio Comparison
VFSNX has a 0.11% expense ratio, which is lower than MIDLX's 0.91% expense ratio.
Return for Risk
VFSNX vs. MIDLX — Risk / Return Rank
VFSNX
MIDLX
VFSNX vs. MIDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) and MFS International New Discovery Fund Class R6 (MIDLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VFSNX | MIDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 0.69 | +1.09 |
Sortino ratioReturn per unit of downside risk | 2.29 | 0.95 | +1.34 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.14 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 0.64 | +1.45 |
Martin ratioReturn relative to average drawdown | 8.39 | 2.45 | +5.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VFSNX | MIDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 0.69 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.18 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.44 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.54 | +0.01 |
Correlation
The correlation between VFSNX and MIDLX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VFSNX vs. MIDLX - Dividend Comparison
VFSNX's dividend yield for the trailing twelve months is around 3.40%, less than MIDLX's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFSNX Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares | 3.40% | 3.36% | 3.41% | 3.11% | 2.26% | 2.70% | 1.90% | 3.25% | 2.81% | 2.85% | 2.93% | 2.69% |
MIDLX MFS International New Discovery Fund Class R6 | 3.51% | 3.37% | 10.08% | 4.21% | 5.85% | 5.19% | 4.03% | 4.36% | 6.82% | 1.63% | 1.09% | 1.25% |
Drawdowns
VFSNX vs. MIDLX - Drawdown Comparison
The maximum VFSNX drawdown since its inception was -43.65%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for VFSNX and MIDLX.
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Drawdown Indicators
| VFSNX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -34.70% | -8.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -11.75% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -33.75% | -33.58% | -0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -34.70% | -8.95% |
Current DrawdownCurrent decline from peak | -11.47% | -11.75% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -6.96% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.08% | -0.22% |
Volatility
VFSNX vs. MIDLX - Volatility Comparison
Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) has a higher volatility of 6.02% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 5.06%. This indicates that VFSNX's price experiences larger fluctuations and is considered to be riskier than MIDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFSNX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 5.06% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 8.19% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 12.10% | +2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 13.05% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | 13.92% | +1.74% |